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RBI Governor Advocates CBDC Adoption for Efficient Cross-Border Payments
source link: https://nextbigwhat.com/rbi-governor-advocates-cbdc-adoption-for-efficient-cross-border-payments/
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RBI Governor Advocates CBDC Adoption for Efficient Cross-Border Payments
- Reserve Bank of India (RBI) Governor iterates that adopting Central Bank Digital Currency (CBDC) can enhance the efficiency of cross-border payments.
- India has initiated CBDC or e-rupee pilots in both wholesale and retail segments, and the RBI is gradually expanding these to broader sectors.
- Governor Das pointed out that CBDCs’ instant settlement feature could make cross-border payments cheaper, faster, and more secure.
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